USDCAD SHORT

I am looking at this pair and expecting for it to go in a downtrend since it has respected my zone and never broke above it. So all I am waiting for now is for it to break past my 61.8 level, before I enter in for a sell, that way I know that the market structure is for a downtrend.

If it ends up going in the opposite direction, my entry will be at my zone, and I will be looking at this pair to be going on an uptrend.

Penafian